A new bill will allow a person to be tried and convicted of a criminal offence without seeing all the information relied on by the Crown and without the right to be present, the NZ Law Society says.

by Michael Mata

China’s largest bank by number of branches, state-owned Postal Savings Bank of China (PSBC) recently launched an initial public offering in Hong Kong worth up to $8.1bn, with the vast majority of the deal being covered by six cornerstone investors.

The six cornerstone investors will purchase as much as $5.86bn worth of stock on offer, which is about 72% of the initial public offering. That would place it near the record 77% cornerstone tranche for the $810m listing of China Development Bank Financial Leasing in July.

Multinational law firms King & Wood Mallesons, Davis Polk & Wardwell LLP, and Clifford Chance LLP, as well as the Chinese law firm Haiwen & Partners, all advised on the IPO, which launched on September 14.

Davis Polk & Wardwell LLP advised PSBC on the float on the Hong Kong Stock Exchange, with Haiwen & Partners acting as the Chinese counsel on the deal.